American Homes 4 Rent closed a $1.25 billion sustainability-linked revolving credit facility, amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the facility, including Wells Fargo Bank as administrative agent.
City National Bank created a new national corporate banking division. Brent Williams, a senior vice president for City National Bank, will lead the new division. Williams also leads the bank’s L.A. Metro commercial banking business unit.
According to an 8K filed with the SEC, City National Bank will serve as arranger and administrative agent on a $165 restated million senior secured credit facility for pet food distributor Freshpet.
Truist served as administrative agent on an increase from $705 million to $740 million for the revolving credit facility of Main Street Capital, according to a related 8K filed with the SEC.
Omni-Lite Industries Canada has refinanced its current $700,000 senior bank credit facility with the entering of a new three-year, $3 million revolving line of credit facility with City National Bank.
Rick Hariman will join City National Bank as executive vice president and chief information officer, succeeding John Beale, who is retiring in January after 23 years with the bank.
Landec amended its credit facility with its current syndicate of lenders,;JPMorgan Chase, BMO Harris Bank and City National Bank.
City National Bank has opened three new U.S. locations: a new full-service banking office in Hollywood, CA; its first entertainment banking office in Miami, and its first full-service regional center on Long Island, NY.